Danish’s current account surplus widened to DKK 16.9 billion in June 2019 from DKK 13.4 billion in the same month of the previous year. The goods surplus increased to DKK 14.7 billion from DKK 11.0 billion in June last year and the primary income surplus rose to DKK 8.4 billion from DKK 8.1 billion a year earlier. Also, the secondary income deficit narrowed to DKK 3.3 billion from DKK 3.4 billion in June 2018. Meanwhile, the services account deficit went up to DKK 2.8 billion from a DKK 2.4 billion gap in June 2018. Current Account in Denmark averaged 9458.61 DKK Million from 2005 until 2019, reaching an all time high of 22122 DKK Million in May of 2019 and a record low of -4967 DKK Million in March of 2008.
Current Account in Denmark is expected to be 10200.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Denmark to stand at 17000.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 9500.00 DKK Million in 2020, according to our econometric models.